Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Nov 15 - 09:48 AM
AUD/USD: Holding Low Conviction Bias While Maintaining 0.67-0.69 Range N-Term - NAB
First appeared on eFXplus on Nov 15 - 08:27 AM

NAB discusses AUD/USD technical outlook and holds a low conviction bias around current levels.

"Bullish MT and LT triggers produced in Q4 2019 were unable to break the two-year downtrend. Impulsive rejection of trend resistance places AUD/USD back in a neutral space," NAB notes. 

"We anticipate AUD/USD maintaining an approximate 0.67 to 0.69 range in the coming weeks. While this range holds we will continue to hold a low conviction," NAB adds. 

Source:
NAB Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!